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We got $250,000 total but got $75K of it up front (which was really three months late) and then for the last ten months of the year long contract got $17,500 a month. Ultimately, we'll get 60% of $250k over the course of the year.

Abel is right - Mike was using the $17,500 a month and in reality it works out to $20,833/mo. I say we round up to $21k and see what they say. That gives us $12,600 a month (60%).

We should also draft a cover note which explains this is only for Amtrak and we should look at separate engagements for other things. I don't mind the free advice on little things but if we fully work on and light rail deal we need a new agreement.

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone

On Jun 3, 2011, at 11:43 PM, Hunter Biden <hbiden@rosemontseneca.com> wrote:

> Abel doesn't understand that Houston and LA aren't Amtrak related. Also if we were @ 21 p/m why DOD we think we were at 15?
>
> R. Hunter Biden
> Rosemont Seneca Partners
> 202-333-1880
>
> On Jun 3, 2011, at 6:07 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:
>
>> I agree. Some comments and we can discuss on our call next week:
>>
>> 1) Let's use the $21,000 a month number and see if that works.
>>
>> 2) On the incentive fee, we weren't sure what to put in. I think it should be a set percentage, but if you go by our initial incentive fee for this it works out to far less than 1%, so there isn't a clear precedent. That one was clearly lower than the norm because we were brought in towards the end of the process.
>>
>> 3) We should discuss whether things beyond Amtrak should be considered part of this or whether we want/need separate agreements. I'd be inclined to focus this just on Amtrak. We already give them free advice on things like Houston (which were never part of the original agreement) and we will continue to do so, but once we get this extension locked in with a focus on Amtrak we should probably talk to them about additional opportunities beyond Amtrak.
>>
>> We can discuss on Tuesday's call.
>>
>> Best,
>>
>> Eric
>>
>>
>>
>>
>>
>> Eric D. Schwerin
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> eschwerin@rosemontseneca.com
>> P Consider the environment before printing this email.
>>
>> On Jun 3, 2011, at 8:18 AM, Abel Navarro Homet wrote:
>>
>> Hi everyone,
>>
>> I have been going through the contract and I have several comments :
>>
>> 1) The annual retainer payment in the first contract was 250.000 usd instead of 180.000 usd. There is no reason to change this. Also, I think we should state the monthly rate here ( 20.833 Usd or 21.000 usd or 20.000 Usd) not the yearly.
>> 2) In paragraph “ Consideration / Term “ I would also mention the incentive fee issue that we would agree upon for each specific project.
>> 3) In the “Consulting Services”, apart from helping with Amtrak (which is very important), I would also include specific projects where Transatlantic / Rosemont can be involved in advising them to win a specific contract. For example: Los Angeles, Houston or any other project that Amtrak might have right now in their pipe line. Another way to do is by requesting a list of the different opportunities that they see right now in the US market
>>
>> Let me know your thoughts. Regards
>>
>>
>> Abel Navarro Homet
>>
>> Transatlantic Energy Group
>>
>> Managing Partner
>> C/ Juan de Mena, 19-1 dcha
>> 28014, Madrid, Spain
>> Teléfono: +34 91 781 31 60- Fax: +34 91 429 56 20
>> Móvil: +34 607 706 609
>> e-mail: abel@transatlanticeg.com
>>
>> De: Michael Muldoon [mailto:mmuldoon@rosemontseneca.com]
>> Enviado el: miércoles, 01 de junio de 2011 18:44
>> Para: Lorenzo Roccia; Abel Navarro Homet; Alessandro Zanelli; Pio Mortera Nales; Caitlin Yardeny
>> CC: Hunter Biden; Eric Schwerin
>> Asunto: DRAFT CAF Contract
>>
>> Good Afternoon Everyone,
>>
>> Attached is a draft CAF contract for your review. Please let me know if you have any questions or concerns.
>>
>> Best,
>>
>> Mike
>>
>> --
>> Mike Muldoon
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> mmuldoon@rosemontseneca.com
>>
>>=2